Real Estate Auction 52-Unit Boutique Hotel Complex- Ocean Views
AUCTION CANCELLED Real Estate Foreclosure Auction 23-115 - 52-Unit Boutique Hotel Complex- Ocean Views - 3.17+/- Acres - 2022 Upscale Renovations & New Construction Completed 780 York St., Rt. 1A, YORK BEACH, MAINE - AUCTION DATE: Thursday, October 26, 2023 at 11AM On Premises - The above stated price is the tax assessed value and a place holder only. - The lender reserves the right to bid at the auction - The York Beach Surf Club THE YORK BEACH SURF CLUB is a 52-unit boutique hotel complex located directly across the street from Prebble's Point and long Sands Beach. The property has undergone a transformative renovation, rebranding, and an upscale repositioning of the complex that was completed in 2022; it has the newest inventory of rooms and amenities in York and on long Sands Beach. Guestrooms are best in market and include 42 interior and exterior corridor accommodations as well as 10 bungalows for a total of 52 keys. Rooms have been fully refurbished with high-end materials, furnishing, baths, electronics, and Wi-Fi. The amenities include Atlantic ocean access directly across the street, a modern and contemporary saltwater pool complex with expansive sunning decks and large pool house with showers, locker space, food and beverage service coming from 3 different sources including a new full service modular kitchen, a 1960's retro caravan "light fare" food trailer, and a restored 1960's International Metro "Raw Bar" and food truck. All personal property, food service equipment, furnishings, and electronics will be sold together with the real estate as an entirety - IMPROVEMENTS -BUILDINGS: 15 total, (1) 3-story interior corridor-30 Rooms (Building A), (1) 2-story exterior corridor-12 Rooms (Building B), (1) 2-story office bldg., (10) 1-story detached cabins, (1) Pool house, (1) Detached shed/garage -KEYS: 52 -ROOM COUNT BREAKDOWN: (93 Total) 16-Kings, 55-Queens, and 22-Fulls. Building A - 1st and 2nd floors 10 rooms each with 2-Queens, and 3rd floor 10 rooms with 1-King each. Building B - 1st floor 6 rooms with 2-Queens each, and 2nd floor 6-rooms with 1-King each. Bungalows - (10) 2-bedrooms with 1-Full per bedroom. - GROSS BUILDING AREA: 33,511+/- SF, Bungalows range from 393+/-SF to 813+/-SF, Building A 15,945+/-SF, Building B 6,756+/-SF, Office 3,056+/-SF, Pool House 879+/-SF, Kitchen 396+/-SF, Storage Shed 328+/-SF - NUMBER OF FLOORS: 1, 2 & 3 - BUILT: 1950 with gut renovations starting in 2020, Pool House, pool, modular kitchen 2021 - STRUCTURAL FRAME: Wood frame - FOUNDATION: Poured concrete slab - FLOORS: Wood sub-floors over wood joists - EXTERIOR WALLS: Vinyl siding ROOF: Gabled - WINDOWS: Thermal windows in aluminum frames - DOORS: Glass, wood and metal - FLOORING: Carpet and Tile - INTERIOR WALLS: Painted drywall and wall vinyl - INTERIOR CEILINGS: Drywall and acoustical tiles - HEATING/COOLING: HVAC heat pumps, electric - SPRINKLED: 78%, (12) Unit Building B is grandfathered and is not sprinkled. - SECURITY: Exterior and interior monitors - INTERIOR LIGHTING: Fluorescent and incandescent - RESTROOMS: The property features adequate public restrooms for men and women. Guestrooms have three-fixtures including tub/shower, sink, and toilet. - Terms: A $100,000 deposit in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc., (deposited with the Auctioneer as a qualification to bid), increased to 10% of the purchase price within 5 business days of the public sale, with balance due and payable within 30 days from date of auction. The property will be sold by public auction subject to all outstanding municipal assessments. All other terms will be announced at the public sale. All personal property, food service equipment, furnishings, and electronics will be sold together with the real estate as an entirety. For a Property Information Package contact the auctioneers office and request by auction number 23-115. Our 51st Year and 8,592nd Auction. .
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